Accumulation account administration fees and costs
Members pay administration fees and costs of just $1.20 per week plus 0.10% p.a. for the first $800,000 of their account balance, plus 0.07% p.a. deducted from general reserves.
For balances under $6,000 a maximum 3%1 fee cap applies to all Australian Retirement Trust accounts, inclusive of administration fees and costs, investment fees and costs, and transaction costs.
Fees and costs at a glance
The full range of fees and costs associated with an investment in Australian Retirement Trust Super Savings Accumulation accounts are set out below:
Type of fee or cost
Amount
How and when paid
Ongoing annual fees and costs 1
Administration fees and costs
$1.20 per week, plus 0.10% p.a. of the first $800,000 of your account balance, plus 0.07% p.a.
Fees deducted from your account
Dollar based administration fee of $1.20 is generally deducted from your account balance weekly. Not pro-rated for partial weeks.
Percentage administration fee of 0.10% p.a. of the first $800,000 of your account balance is generally deducted from your account balance weekly.
Pro-rated for partial weeks.
Costs not deducted from your account
0.07% p.a. is not deducted from your account balance but is deducted from the Fund's general reserve.
Dollar based administration fee of $1.20 is generally deducted from your account balance weekly. Not pro-rated for partial weeks.
Percentage administration fee of 0.10% p.a. of the first $800,000 of your account balance is generally deducted from your account balance weekly.
Pro-rated for partial weeks.
Costs not deducted from your account
0.07% p.a. is not deducted from your account balance but is deducted from the Fund's general reserve.
Investment fees and costs2
For the Lifecycle Investment Strategy: 0.59% to 0.66% p.a. of your account balance
For Super Savings' other investment options: 0.07% to 2.01% p.a. of your account balance4
For Super Savings' other investment options: 0.07% to 2.01% p.a. of your account balance4
Deducted daily from the investment option as part of the calculation of unit prices
Transaction costs
For the Lifecycle Investment Strategy: 0.14% to 0.16% p.a. of your account balance
For Super Savings' other investment options: 0.00% to 0.38% p.a. of your account balance4
For Super Savings' other investment options: 0.00% to 0.38% p.a. of your account balance4
Deducted daily from the investment option as part of the calculation of unit prices
Member activity related fees and costs
Buy-sell spread
Nil
Not applicable
Switching fee
Nil
Not applicable
Other fees and costs3
Refer to Additional explanation of fees and costs in the Super Savings Guide for details about other fees and costs that may apply to your account.
+ Assumptions
1 If your account balance for a product offered by the superannuation entity is less than $6,000 at the end of the entity’s income year (30 June), certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
2 Investment fees and costs for the Balanced Pool within the Lifecycle Investment Strategy include an amount of 0.30% for performance fees. Investment fees and costs for the Retirement option and the Retirement Pool within the Lifecycle Investment Strategy include an amount of 0.28% for performance fees. The calculation basis for these amounts is set out under the Additional explanation of fees and costs in the Super Savings Guide. The estimated Investment fees and costs totalling 0.59% p.a. and the 0.14% Transaction costs for the Lifecycle Investment Strategy are estimated based on 90% Retirement Pool, 10% Cash Pool.
3 Refer to the Additional explanation of fees and costs in the Super Savings Guide.
4 Actual investment fees for the full range of investment options may be higher or lower than the costs expressed above. See the Super Savings Guide for the investment fees and costs, and the transaction costs, for each investment option.
Note: If you have more than one Super Savings account with Australian Retirement Trust:
2 Investment fees and costs for the Balanced Pool within the Lifecycle Investment Strategy include an amount of 0.30% for performance fees. Investment fees and costs for the Retirement option and the Retirement Pool within the Lifecycle Investment Strategy include an amount of 0.28% for performance fees. The calculation basis for these amounts is set out under the Additional explanation of fees and costs in the Super Savings Guide. The estimated Investment fees and costs totalling 0.59% p.a. and the 0.14% Transaction costs for the Lifecycle Investment Strategy are estimated based on 90% Retirement Pool, 10% Cash Pool.
3 Refer to the Additional explanation of fees and costs in the Super Savings Guide.
4 Actual investment fees for the full range of investment options may be higher or lower than the costs expressed above. See the Super Savings Guide for the investment fees and costs, and the transaction costs, for each investment option.
Note: If you have more than one Super Savings account with Australian Retirement Trust:
- The fee cap for balances greater than $800,000 applies to each individual account and is not aggregated across multiple accounts.
- The fee cap for balances less than $6,000 takes into account your aggregate balance across all Super Savings accounts you hold with Australian Retirement Trust.
Want to learn more?
If you are retired and have an Australian Retirement Trust Super Savings Retirement income account, check the fees and costs that may apply to your account.
Take a look at the breakdown of investment fees and costs for each investment option.
See the definitions for fees and costs.